Posted on 22 Nov 2022
The People's Committee in Central Vietnam's Binh Dinh Province approved the Long Son Iron & Steel Complex project last week.
Long Son Phu My Iron & Steel Company plans to invest around $2.16 billion in the project, which will be executed over 468 hectares in Lo Dieu village, Hoai My commune, Hoai Nhon town.
The investment is divided into three phases with an overall capacity of 5.4 million tonnes/year, including high-quality steel products, construction steel, and coiled steel, Kallanish learns from a local newsletter. The first stage is due to commission in 2024.
Meanwhile, the investor is considering investing in the Hoai Nhon Port area, which has around 496.9-ha of land and ocean. The port is being studied and designed to become a specialist port to support manufacturing at the Long Son complex. The total investment is approximately $403 million in two stages.
The first stage from 2021 to 2025 is reported to include ten berths with a total length of 2,525 metres and capacities of 11-13m t/y each. After 2025, the second stage will include 13 berths of 3,525m in length.
Source:Kallanish
